Sole Proprietorship

Sole Proprietorship

11th - 12th Grade

7 Qs

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Sole Proprietorship

Sole Proprietorship

Assessment

Quiz

Business, Education

11th - 12th Grade

Practice Problem

Medium

Created by

jomy jolly

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7 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

What is a Sole Proprietorship?

Business owned by president

Business owned by several companies

Business owned by one person

Business owned by a company

2.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Sole proprietorship business can be started by

at least seven persons

any one person

at least two persons

at least three persons

3.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Sole Proprietorship is most suitable for

Medium scale concerns

Large scale concerns

Small scale concerns

None of the above

4.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

A Sole proprietor concern is free from regulation by

Indian Contract Act

Government

Private Indian

Indian Law

5.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

The reason for the end of the sole proprietorship can be

Insolvency

Insanity

Death

All the above

6.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Sole proprietorship business owner has

Restricted Liability

No Liability

Unlimited Liability

Limited Liability

7.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

A sole proprietor has a limit in which of the following ability

Managerial

Owner

Worker

None of these